Property Managers | 3 Clever Tactics To Protect Your Interests When You Allow Pets Into Your Investment Property
With nearly 63 percent of Australian households owning pets, nearly 25 million pets exist in the country. If you decide to allow pets in your rental property, then you have the opportunity to broaden the number of people targetted by you or your property managers. But many landlords are worried about the damage caused by pets. This guide offers you clever tactics to protect your own interests when you allow pets into your investment property.
Create A Pet Policy
It's always smart to write down a specific pet policy as part of the tenancy agreement. The pet policy can include a number of stipulations before allowing a pet into your investment property, which can protect your interests. For instance, the pet policy may stipulate a certain type and number of pets permitted in the property, so you can prevent wild animals and exotic pets from this policy if you like. You can also stipulate that the pet be kept away from certain areas of the home to prevent animal odours. Your property managers can help you draft a specific pet policy to help you protect the interests of your investment property.
Ask For And Check Pet References
When a prospective tenant has a pet, it's important that you ask for pet references. References can include previous landlords, vets and former neighbours who can attest to the good behaviour of the pet. Apart from getting the references, it's vital that you call them and follow through as part of your tenant screening process. Speak with previous property managers, landlords or neighbours to ask whether there were any issues with the tenant because of the pet. Your property managers will typically screen the reference for you. If you get the all clear, then you can offer your investment property to the tenant.
Ensure Your Investment Property Is Pet Friendly
You can make some changes to your investment property to ensure that it is pet friendly by lowering maintenance needs and reducing the opportunity for pet damage. For instance, replacing carpets with more resilient, low maintenance and less expensive linoleum or vinyl tiles. This reduces the chances of fur, odours and scratches ruining carpets. You can also choose darker floor and wall paint colours to camouflage the effects of pet stains and damage on them. Remove all breakable items from the house and replace them with more resilient furnishings.
Follow these clever tactics to protect your interests when working with your property managers to allow pets into your investment property.